Property

Bangor’s property tax charge will drop, however householders will nonetheless see a better invoice

Bangor’s property tax charge will lower however householders can pay extra in taxes general after the Metropolis Council voted to approve a brand new $117 million finances Monday night time, a slight improve from final 12 months’s finances of $111 million.  

Town lowered its mill charge to $20.65 per $1,000 in assessed property worth for the brand new fiscal 12 months, which begins Friday, in accordance with the finances proposal, which handed unanimously. That’s $1.65 lower than the earlier 12 months’s mill charge of $22.30, which had additionally declined from fiscal 12 months 2021’s mill charge of $23.20.

Town was in a position to decrease the mill charge even additional final 12 months after initially passing its finances due to a late, $1.2 million infusion of state funds in July 2021 from a brand new state finances.

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